AustralianSuper Pty Ltd Has $57.89 Million Stake in S&P Global Inc. $SPGI

AustralianSuper Pty Ltd trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 61.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,785 shares of the business services provider’s stock after selling 172,296 shares during the period. AustralianSuper Pty Ltd’s holdings in S&P Global were worth $57,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Brighton Jones LLC raised its position in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares in the last quarter. GAMMA Investing LLC raised its position in S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock valued at $2,139,000 after purchasing an additional 708 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its position in S&P Global by 11.0% during the first quarter. Jaffetilchin Investment Partners LLC now owns 704 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 70 shares in the last quarter. 3Chopt Investment Partners LLC acquired a new position in S&P Global during the first quarter valued at approximately $532,000. Finally, Confluence Wealth Services Inc. increased its holdings in shares of S&P Global by 1.5% during the first quarter. Confluence Wealth Services Inc. now owns 2,005 shares of the business services provider’s stock worth $943,000 after buying an additional 30 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of S&P Global stock opened at $489.02 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market cap of $149.30 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 2.59 and a beta of 1.19. The company’s fifty day moving average is $514.03 and its 200 day moving average is $514.59.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $1.87 billion for the quarter. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s payout ratio is currently 29.54%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. BMO Capital Markets lowered their price target on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a report on Thursday, October 16th. Mizuho upped their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Evercore ISI upped their price target on shares of S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to data from MarketBeat, S&P Global currently has an average rating of “Buy” and a consensus target price of $614.23.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.